Review the H. J. Heinz Company statement below relating to its debt and answer the following questions.
1. Why would H. J. Heinz have debt denominated in euros, British pounds, and New Zealand dollars?
2. In what year is H. J. Heinz going to have to come up with a lot of money to pay off its debt? What options might Heinz have for paying that debtoff?

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H. J. HEINZ CO. Long-term (dollars In thousands) 2004 2003 5.00% Euro Notes due January 2005 6.85% New Zealand Dollar Notes due February 2005 5.125% Euro Notes due April 2006 6.00% US. Dollar Notes due March 2008 . . . . . . 6.226% Heinz Finance Preferred Stock due July 2008. . . . . . . . . . . 6.625% US. Dollar Notes due July 201 1 6.00% U.S. Dollar Notes due March 2012 US. Dollar Remarketable Securities due November 2020 6.375% U.S. Dollar Debentures due July 2028 6.25% British Pound Notes due February 2030. 6.75% U.S. Dollar Notes due March 2032 Other US. Dollar due May 2005-November 2034 (3.009r8.33%) Other Non-U.S. Dollar due August 2004 March 2022 $355,303 335.621 50.400 493,539 50897 29922 299.022 55.971 325,000 749,248 749.142 695,944 695.427 800,000 800.000 243,350 243,074 219,700 198,314 547.409 547,316 18.479 10,193 42,793 50,597 4,837.67 4489,289 125,325 294.802 (2.90%-1 1.00%). . SFAS 133 Hedge Accounting Adjustments (see Note 14)_ . ess portion due within one year.. . (425,016 (7,948)